Ethereum Classic [ETC] on a roll – tops Tron [TRX] and Monero [XMR]

Ethereum Classic [ETC] turned out to be one of the main coins that has been continuously growing in the market. At the time of printing, the currency passed Tron [TRX] and Monero [XMR] in terms of rank on CoinMarketCap. Ethereum Classic [ETC] reigns in 11th place with a market capitalization of $ 2 billion.

The original "Ethereum" has been full of positive announcements from the beginning of this month. The market speculates that the reason for the huge increase in currency may be related to all recent announcements. Ethereum Classic [ETC] was recently listed on Robinhood and became the sixth coin to be listed on the platform. In addition, Coinbase, one of the largest trading platforms, is ready to accept ETC's inbound transfers on August 7th.

At the time of the press, Ethereum Classic [ETC] was trading at $ 19.39 and saw a significant increase of over 11% in the last 24 hours.

Commercial position of Ethereum Classic [ETC] | Source: CoinMarketCap

Also, since last week, the price of ETC has been steadily rising with the price of around $ 16.90 on August 1 and today it has risen to $ 19.39. There was an increase of over $ 3 and speculation suggests it would increase up to $ 20 in a short time.

  The chart of Ethereum Classic [ETC] in the last week | Source: CoinMarketCap chart

Ethereum Classic [ETC] in the last week | Source: CoinMarketCap

Currency365, a Twitterati commented:

"We can break $ 20 already ready for the start of the party."

ETC assumed for the first time the position of Monero [XMR] while it was still in commerce at the twelfth position. XMR is trading in 13th place with a price of $ 113 and a market capitalization of $ 1.8 billion.

Tron [TRX] which has fluctuated from eleventh to tenth position for a long time has a new competitor on the market at the time. At the time of writing, TRX was trading at $ 0.02 with a market capitalization of $ 1.9 billion. The currency has seen a decline of 3.97% in the last 24 hours.

Twitter user, Ogre_blind said:

"The king without a krypton crown!"

The market is also assuming a further increase in the market capitalization of ETC such as to exceed the IOTA [MIOTA] which is currently trading in the tenth position of the market. At the time of printing, MIOTA was trading at $ 0.77 with a market capitalization of $ 2.1 billion. The currency has seen a decline of 14.97% in the last 24 hours.

Twitterati, Stevanlohj commented:

"EthereumClassic will soon take the IOTA marketcap position, but ETC still has better node software."

Ethereum Classic has also made many other announcements, such as software updates and community developments. The Ethereum Classic development team welcomed three new members into their main team. The ETC development team has also released updates for ongoing projects, Emerald-Js and the Classic Geth project.

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